EIN 25-1721501

Somerset

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
1993
Most recent tax filings
2024-07-01
Description
Somerset promotes and assists business owners in the main street district through various promotions, merchant committee meetings, newsletters, and on-site visits. The organization's mission is to institute a program of activities that provides technical assistance for the improvement and revitalization of the uptown Somerset business district. They organize festivals and uptown events to draw visitors and tourists into Somerset borough's main street district to support local businesses and provide funds for community development projects. Somerset is located in Pennsylvania.
Total revenues
$579,823
2024
Total expenses
$431,581
2024
Total assets
$1,240,028
2024
Num. employees
3
2024

Program areas at Somerset

Local business attraction and expansion through mentorship, grants, and incubator opportunities like the soco farmers market, the attraction of visitors and residents through festivals and events uptown, the renovation of historic assets and properties, the provision of support for housing renovation and historic renovations, the addition of artistic and community design components such as murals, sculptures, and decorations uptown, and the coordination of community member and community group connections. The largest program expenses were tourism marketing. We received a 25,000 grant from the laurel highlands visitors bureau and nearly matched the funds with donated investments to try to promote uptown Somerset as the gateway to soco (Somerset county) these marketing efforts, designed by a team of volunteers from all over the county, brought visitor inquiries, foot traffic, and local investment via visitors to small local businesses and events. This is also a top-funnel strategy to entice visitors to Somerset county and in the long-term convert some visitors to residents, which is a need in our community and county due to population decline. The second largest program expense was fire & ice festival, which brings in thousands of visitors to the Somerset community who stay in local hotels, invest in local businesses who are located uptown, invest in the marketplace incubator which is filled with smaller businesses for the weekend, and promote the community via social media posts, the attraction of media, and more. The third largest program expense was the facade grant expense which was a dced grant reimbursement program to incentivize the renovation of uptown building facades. This number represents 5 building facade renovations.

Who funds Somerset

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Foundation for the Alleghenies (CFA)$7,500
Donald and Linda Fetterolf FoundationBetter the Community$2,250
NiSource Charitable FoundationCorporate Donation$1,980

Financials for Somerset

RevenuesFYE 07/2024
Total grants, contributions, etc.$447,050
Program services$110,088
Investment income and dividends$22,685
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$579,823

Organizations like Somerset

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Discover Downtown FranklinFranklin, IN$207,997
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Klamath Falls Downtown AssociationKlamath Falls, OR$224,126
Swiss BearNew Bern, NC$387,151
Hackettstown BidHackettstown, NJ$347,609
Hartford Business Improvement District (HBID)Hartford, CT$1,358,342
The Pittsburgh Film OfficePittsburgh, PA$1,297,140
Data update history
April 21, 2025
Posted financials
Added Form 990 for fiscal year 2024
January 19, 2025
Received grants
June 6, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 23, 2024
Updated personnel
Identified 4 new personnel
May 19, 2024
Received grants
Identified 2 new grant, including a grant for $8,000 from Community Foundation for the Allegh (CFA)
Nonprofit Types
Business and community development organizationsConvention and visitors bureausCharities
Issues
Community improvementEconomic development
Characteristics
Partially liquidatedState / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
109 E Main St PO Box 876
Somerset, PA 15501
Metro area
Pittsburgh, PA
County
Somerset County, PA
Website URL
somersetinc.org/ 
Phone
(814) 443-1748
IRS details
EIN
25-1721501
Fiscal year end
July
Taxreturn type
Form 990
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
561591: Convention and Visitors Bureaus
Parent/child status
Independent
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